NOT LISTED FOR SALE

Estimated Value: $2,950,000 - $4,199,919

6 Beds
5 Baths
2,600 Sq Ft
$1,373/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $3,233,000 $1,243 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $22,827/month

5 Days on Market

Highlights

  • Ocean View
  • Above Ground Spa
  • Zoned Cooling
  • Pacific Beach Elementary School Rated A-
  • Fireplace
  • 5-minute walk to Mission Beach Park

About This Home

As of July 2022

Not a single detail missed with this 2010-built, steel frame duplex just three homes from the ocean in South Mission Beach. A meticulous "owner's unit" is the ultimate beach home for year round living, relaxing visits, or high-demand rentals. The "owner's unit" enjoys 4 bedrooms, 3 bathrooms, in-unit laundry, a shower that turns to steam room, elevator connected to the 2 car garage, and a 360 degree view roof deck. Control the temperature room to room with radiant heat flooring. The primary suite is a true sanctuary that allows for privacy from other guests who can walk to the upstairs view deck without disturbing the primary suite occupants. The second residence holds 2 bed/2 ba and has a nice large patio with retractable sun covers. It is your opportunity to host friends, family, or to receive premium rental income. The second unit also comes complete with tandem parking. Truly a remarkable build only steps to the sand. Not a single detail missed with this 2010-built, steel frame duplex just three homes from the ocean in South Mission Beach. A meticulous "owner's unit" is the ultimate beach home for year round living, relaxing visits, or high-demand rentals. The "owner's unit" enjoys 4 bedrooms, 3 bathrooms, in-unit laundry, a shower that turns to steam room, elevator connected to the 2 car garage, and a 360 degree view roof deck. Control the temperature room to room with radiant heat flooring. The primary suite is a true sanctuary that allows for privacy from other guests who can walk to the upstairs view deck without disturbing the primary suite occupants. The second residence holds 2 bed/2 ba and has a nice large patio with retractable sun covers. It is your opportunity to host friends, family, or to receive premium rental income. The second unit also comes complete with tandem parking. Truly a remarkable build only steps to the sand.

Last Agent to Sell the Property

Peter Giacalone

ENG Properties License #01924397 Listed on: 05/19/2022

Co-Listed By

Katy Sullivan

ENG Properties License #01925534

Last Buyer's Agent

Fredy Garcia

Compass License #01959761

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,556

Year Built

  • 2010

Lot Details

  • 2,381 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot

Property Views

  • Ocean
  • Bay
  • Panoramic

Home Design

  • Clay Roof

Interior Spaces

  • 3-Story Property
  • Fireplace

Utilities

  • Zoned Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Above Ground Spa
  • West of 5 Freeway

Listing and Financial Details

  • Assessor Parcel Number 423-714-07-00

Community Details

Overview

  • 2 Units

Recreation

  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,556

Year Built

2010

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Market Area: Coastal South
  • Cross Street: Mission Blvd
  • Neighborhood: South Mission Beach
  • Supplement: Not a single detail missed with this 2010-built, steel frame duplex just three homes from the ocean in South Mission Beach. A meticulous "owner's unit" is the ultimate beach home for year round living, relaxing visits, or high-demand rentals. The "owner's unit" enjoys 4 bedrooms, 3 bathrooms, in-unit laundry, a shower that turns to steam room, elevator connected to the 2 car garage, and a 360 degree view roof deck. Control the temperature room to room with radiant heat flooring. The primary suite is a true sanctuary that allows for privacy from other guests who can walk to the upstairs view deck without disturbing the primary suite occupants. The second residence holds 2 bed/2 ba and has a nice large patio with retractable sun covers. It is your opportunity to host friends, family, or to receive premium rental income. The second unit also comes complete with tandem parking. Truly a remarkable build only steps to the sand.
  • Miscellaneous: Elevators/Stairclimber
  • Stories: 3 Story
  • Sale Price List Price: 1.1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2010

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Tile/Clay
  • Spa: Private Portable
  • Spa Heat: Electric
  • View: Bay, Ocean, Panoramic, Panoramic Ocean

Utilities

  • Cooling: Central Forced Air, Zoned Area(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Fireplace, Forced Air Unit, Radiant

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: MISSION BEACH
  • Complex Features: Spa/Hot Tub

Schools

  • School District URL: https://www.sandiegounified.org/

Lot Info

  • Lot Size: 1-3,999 SF
  • Site: Sidewalks, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 423-714-07-00
  • Estimated Lot Sq Ft: 2381

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Projected: 21.9
  • Gross Sched Income Projected: 132000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Jun 11, 2022
Sold by
Judi And Art Wells Family Trust
Bought by
Jc Colibrl Trust
Seller's Agent
Peter Giacalone
ENG Properties
Buyer's Agent
Fredy Garcia
Compass
List Price
$2,950,000
Sold Price
$3,233,000
Premium/Discount to List
$283,000
9.59%
Current Estimated Value
$3,569,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,230
Avg. Annual Appreciation
2.71%
Original Mortgage
$2,263,100
Outstanding Balance
$2,159,089
Interest Rate
5.25%
Mortgage Type
Balloon
Estimated Equity
$1,359,325

Purchase Details

Closed on
May 7, 2021
Sold by
Wells Arthur C and Wells Judith L
Bought by
Wells Arthur C and Wells Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,537,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2013
Sold by
Wells Arthur C
Bought by
Wells Arthur C and Wells Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 3, 2008
Sold by
Wells Arthur C
Bought by
Wells Arthur Crews

Purchase Details

Closed on
Aug 8, 2007
Sold by
Traphagen Peter G and Mckenney Grace E
Bought by
Wells Arthur C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 2, 1983
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jc Colibrl Trust $3,233,000 Chicago Title
Wells Arthur C -- Chicago Title Company
Wells Arthur C -- None Available
Wells Arthur C -- None Available
Wells Arthur Crews -- None Available
Wells Arthur C $1,125,000 Commonwealth Land Title Co
-- $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jc Colibrl Trust $2,263,100
Previous Owner Wells Arthur C $1,537,000
Previous Owner Wells Arthur C $1,500,000
Previous Owner Wells Arthur Crews $1,500,000
Previous Owner Wells Arthur Crews $1,500,000
Previous Owner Wells Arthur Crews $1,500,000
Previous Owner Wells Arthur Crews $1,575,000
Previous Owner Wells Arthur C $825,000
Previous Owner Traphagen Peter G $250,000
Previous Owner Traphagen Peter G $190,000
Previous Owner Traphagen Peter G $195,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $3,233,000 +9.6% $1,243 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $2,950,000 -- $1,135 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $40,556 $3,363,613 $2,635,333 $728,280
2024 $40,556 $3,297,660 $2,583,660 $714,000
2023 $39,663 $3,233,000 $2,533,000 $700,000
2022 $24,641 $2,028,470 $1,249,889 $778,581
2021 $24,469 $1,988,697 $1,225,382 $763,315
2020 $24,165 $1,968,307 $1,212,818 $755,489
2019 $23,733 $1,929,714 $1,189,038 $740,676
2018 $22,201 $1,891,877 $1,165,724 $726,153
2017 $21,746 $1,854,782 $1,142,867 $711,915
2016 $21,265 $1,806,650 $1,120,458 $686,192
2015 $20,951 $1,779,513 $1,103,628 $675,885
2014 $20,615 $1,744,656 $1,082,010 $662,646
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220012360

San Diego MLS

APN: 423-714-07